000			01565 a2200217 4500
005			20181127105422.0
008			181127b xxu||||| |||| 00| 0 eng d
020			_a9781316503041
040			_cIIT Kanpur
041			_aeng
082			_a001 _bK839e
100			_aKoppl, Roger
245			_aExpert failure _cRoger Koppl
260			_bCambridge University Press _c2018 _aCambridge
300			_axii, 279p
440			_aCambridge studies in economics, choice, and society / edited by Timur Kuran
520			_aThe humble idea that experts are ordinary human beings leads to surprising conclusions about how to get the best possible expert advice. All too often, experts have monopoly power because of licensing restrictions or because they are government bureaucrats protected from both competition and the consequences of their decisions. This book argues that, in the market for expert opinion, we need real competition in which rival experts may have different opinions and new experts are free to enter. But the idea of breaking up expert monopolies has far-reaching implications for public administration, forensic science, research science, economics, America's military-industrial complex, and all domains of expert knowledge. Roger Koppl develops a theory of experts and expert failure, and uses a wide range of examples - from forensic science to fashion - to explain the applications of his theory, including state regulation of economic activity.
650			_aKnowledge, Sociology of -- Economic aspects
650			_aSpecialists
942			_cBK
999			_c559806 _d559806